Credit Union Management

WASHINGTON -- NCUA spokesman John McKechnie confirmed that the agency's new Credit Union System Investment Program, announced Dec. 9, will increase liquidity in the credit union system, not recover corporate investment losses.

BELLEVUE, Wash. -- Even though the number of credit unions served by ShareBuilder Corp. has declined since being acquired by ING DIRECT, the online brokerage firm is reassuring the industry that alliances are here to stay.

WASHINGTON -- A court-appointed receiver is now in place for a $50 billion Ponzi scheme involving Bernard L. Madoff Investment Securities LLC, the Securities and Exchange Commission said.

BOSTON -- By in large, investors are confident with the actions they have taken during the economic crisis with many choosing to stay the course, according to a new survey.

WASHINGTON -- Individual investors looking for free information on their municipal bonds, have a new online resource through the Securities and Exchange Commission and the Municipal Securities Rulemaking Board.

SAN DIEGO -- Mark Hoaglin, once the former CEO of XCU Capital Corp. the credit union-owned broker-dealer and investment advisory firm, has left his senior vice president post at LPL Financial Corp., which bought XCU in 2007, to start his own business.